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Triple Exponential MACD

pieslappa Updated   
Moving Average Convergence / Divergence (MACD) macddivergence macdtema Triple Exponential Moving Average (TEMA)
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macd macddivergence macdtema tema
A modification of the classic MACD to use Triple EMAs which tends to have less lag than the standard indicator. (I also have a Double Exp MACD indicator, I tend to use both simultaneously)

Alert conditions are pre-configured for simple line crosses and you can enable/disable the histogram from the indicator options menu.

Enjoy!
Release Notes:
Made changes to improve usability of the script such as removing the histogram feature and fixing the alert condition setup
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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